Today Johnson & Johnson announced a 6.7% increase in its quarterly dividend. The dividend is raised from $0.75 to $0.80. The dividend pay date is June 7, 2016 to shareholders of record on May 24, 2016 (ex dividend May 20, 2016).
CEO Alex Gorsky “In recognition of our 2015 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the 54th consecutive year ”
The new dividend amount represents an annualized dividend amount of $3.20 per share, up from $3.00. The dividend yield on current price is 2.85%.
My Vrijheid Fonds consist of 30 shares of JNJ, so in 2016 my passive income will increase by $3.83 (after taxes).
My projected annual total amount from my shares of JNJ will be $81.60 after taxes.
This is the 12th dividend increase for my Vrijheid Fonds in 2016. I love it!
Cheers,
Pollie
Hi Pollie,
We are both at the same path.
A lot of companies that you have in your portfolio are the same I have.
Every time when dividends are increased means that we follow the right companies.
Where do you live in Holland?
Kind regards/ groeten
Willem
Hello Willem,
Thanks for stopping by!
What stocks do you have in your portfolio?
Every increase in dividend is nice and very welcome 😀
Cheers,
Pollie
Pollie,
I have 12 the same stocks in my portfolio.
In total I have 22 stocks which I follow.
Regards / groeten
Willem
Which stocks do you follow? And the basis on which metrics do you make your decisions?
Cheers/groeten,
Pollie
Pollie,
Can I send you a personal Email with my list of stocks and the way I decide to buy.
Regards/Groeten
Willem
Of course. You have my email address
Fantastic. I guess I’ve not been paying attention lately. It seems that many of my holdings have raised dividends. As a JNJ share holder, I’m happy with this news. Thanks for sharing.
You’re welcome!